Pharmaceutical Goods Price in Argentina - 2023

Pharmaceutical Goods Price in Argentina (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $100,228 per ton, surging by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25%. As a result, import price attained the peak level of $120,979 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($662,385 per ton), while the price for Canada ($12,591 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Argentina (FOB) - 2022

The average pharmaceutical goods export price stood at $87,927 per ton in 2022, reducing by -34.2% against the previous year. In general, the export price, however, saw a tangible increase. The most prominent rate of growth was recorded in 2018 an increase of 79% against the previous year. Over the period under review, the average export prices reached the maximum at $133,710 per ton in 2021, and then fell rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($118,070 per ton), while the average price for exports to Peru ($60,564 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Argentina

Pharmaceutical goods imports into Argentina stood at 1K tons in 2022, picking up by 9.7% on the year before. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pharmaceutical goods imports surged to $102M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Pharmaceutical Goods in Argentina (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Uruguay	15.7	16.4	21.5	19.2	6.9%
Brazil	15.9	13.4	14.3	14.6	-2.8%
Germany	12.0	11.9	10.9	13.4	3.7%
Netherlands	9.9	18.2	8.4	13.1	9.8%
United States	9.0	6.0	7.3	8.6	-1.5%
Hungary	5.0	5.4	5.8	8.1	17.4%
Spain	3.2	3.3	3.2	4.3	10.4%
Mexico	3.9	2.0	1.9	3.8	-0.9%
Costa Rica	N/A	0.4	0.4	1.9	117.9%
Dominican Republic	0.5	0.8	1.2	1.1	30.1%
China	0.5	0.4	0.4	0.9	21.6%
Canada	0.3	0.2	0.3	0.3	0.0%
Others	8.0	7.8	11.8	13.1	17.9%
Total	83.8	86.1	87.5	102	6.8%

Top Suppliers of Pharmaceutical Goods to Argentina in 2022:

Germany (205.1 tons)
Hungary (170.8 tons)
Brazil (156.4 tons)
Uruguay (123.9 tons)
United States (74.3 tons)
Mexico (56.3 tons)
Spain (40.5 tons)
Costa Rica (29.3 tons)
Dominican Republic (22.0 tons)
Canada (20.8 tons)
Netherlands (19.7 tons)
China (18.5 tons)

Pharmaceutical Goods Exports in Argentina

In 2022, overseas shipments of pharmaceutical goodses were finally on the rise to reach 30 tons after two years of decline. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods exports skyrocketed to $2.7M in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Pharmaceutical Goods in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Uruguay	259	306	80.6	700	39.3%
Brazil	355	N/A	N/A	503	12.3%
Dominican Republic	154	300	N/A	299	24.8%
Ecuador	N/A	N/A	56.0	298	432.1%
Peru	N/A	N/A	N/A	239	0%
Paraguay	118	143	9.5	213	21.8%
Colombia	N/A	N/A	N/A	195	0%
Bolivia	N/A	N/A	11.7	90.7	675.2%
Mexico	240	225	N/A	N/A	-6.3%
Others	120	56.7	19.8	118	-0.6%
Total	1,246	1,031	178	2,656	28.7%